Income Tax Calculator
IncomeTaxCalculatorIncome Tax Calculator: Income Tax Calculator computes US federal income tax and take-home pay from gross income and filing status. It outputs total tax owed, effective and marginal rates, standard deductions, and net monthly income, and can add Social Security and Medicare (FICA) for true take-home pay. (Cost: 2 credits)
Tool call template
Replace each placeholder with a value matching the input schema. Only required parameters are included; add optional parameters as needed.
{
"id": 1,
"jsonrpc": "2.0",
"method": "tools/call",
"params": {
"arguments": {
"income": "<income>"
},
"name": "IncomeTaxCalculator"
}
}Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| fica | No | Include the employee share of Social Security and Medicare (FICA) and take-home pay after income tax and FICA. Treats income as one employee's wages. | |
| rate | No | Tax rate as a percentage (e.g., 22 for 22%) | |
| year | No | The tax year to use for brackets. Defaults to the previous year. | |
| income | Yes | Gross annual income in USD | |
| deduction | No | Optional deduction amount to subtract from income before calculating tax | |
| filing_status | No | Filing status |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
| data | No | ||
| error | No | Error message, null on success | |
| status | No | "ok" on success |